Figs (FIGS) Operating Expenses (2020 - 2026)
Figs (FIGS) posted quarterly Operating Expenses of $103.8 million for Q1 2026, up 22.61% year-over-year from $84.7 million in Q1 2025, and down 4.1% quarter-over-quarter from $108.3 million in Q4 2025.
Figs (FIGS) Operating Expenses (2020 - 2026) Analysis & Trends
Figs (FIGS) has reported Operating Expenses for 7 consecutive years, with $103.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 22.61% year-over-year to $103.8 million; the TTM figure through Mar 2026 stood at $400.8 million (up 6.51% YoY), while the FY2025 annual figure was $381.7 million, up 2.23% from the prior year.
- Operating Expenses fell to $103.8 million in Q1 2026 per FIGS's latest filing, from $108.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $108.3 million in Q4 2025 and bottomed at $64.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $89.3 million across 5 years, with a median of $89.5 million in 2023.
- On a YoY basis, Operating Expenses climbed as much as 39.71% in 2022 and fell as far as 27.6% in 2022.
- Figs' Operating Expenses stood at $95.6 million in 2022, then declined by 12.51% to $83.6 million in 2023, then grew by 11.56% to $93.3 million in 2024, then increased by 16.04% to $108.3 million in 2025, then retreated by 4.1% to $103.8 million in 2026.
- Business Quant data shows FIGS's Operating Expenses at $103.8 million in Q1 2026, $108.3 million in Q4 2025, and $96.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.45 Bn | 1.44 Bn | 1.10 Bn |
| 2 | Gildan Activewear | 10.27 Bn | 10.00 Bn | 459.76 Mn | 283.86 Mn |
| 3 | Levi Strauss | 8.21 Bn | 7.24 Bn | 979.10 Mn | 856.90 Mn |
| 4 | V F | 5.48 Bn | 4.81 Bn | 917.04 Mn | 1.75 Bn |
| 5 | Kontoor Brands | 4.35 Bn | 4.30 Bn | 328.26 Mn | 493.76 Mn |
| 6 | Ermenegildo Zegna | 3.54 Bn | 3.19 Bn | - | - |
| 7 | Pvh | 3.49 Bn | 2.90 Bn | 1.19 Bn | 1.07 Bn |
| 8 | Columbia Sportswear | 3.04 Bn | 2.42 Bn | 358.43 Mn | 332.19 Mn |
| 9 | Figs | 2.39 Bn | 2.09 Bn | 147.86 Mn | 112.59 Mn |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 547.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 112.59 Mn |
| Mar 31, 2026 | 103.82 Mn |
| Dec 31, 2025 | 108.26 Mn |
| Sep 30, 2025 | 96.43 Mn |
| Jun 30, 2025 | 92.33 Mn |
| Mar 31, 2025 | 84.67 Mn |
| Dec 31, 2024 | 93.30 Mn |
| Sep 30, 2024 | 102.66 Mn |
| Jun 30, 2024 | 95.71 Mn |
| Mar 31, 2024 | 81.69 Mn |
| Dec 31, 2023 | 83.63 Mn |
| Sep 30, 2023 | 87.44 Mn |
| Jun 30, 2023 | 89.47 Mn |
| Mar 31, 2023 | 82.38 Mn |
| Dec 31, 2022 | 95.59 Mn |
| Sep 30, 2022 | 79.62 Mn |
| Jun 30, 2022 | 76.90 Mn |
| Mar 31, 2022 | 64.69 Mn |
| Dec 31, 2021 | 73.57 Mn |
| Sep 30, 2021 | 64.15 Mn |